Investors considering a purchase of Synchronoss Technologies Inc (NASD: SNCR) stock, but tentative about paying the going market price of $27.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $22.50 strike, which has a bid at the time of this writing of $1.05. Collecting that bid as the premium represents a 4.7% return against the $22.50 commitment, or a 13.1% annualized...
Commit To Purchase Synchronoss Technologies At $22.50, Earn 13.1% Annualized
Forbes - 9 Jul 2013 17:30
Investors considering a purchase of Synchronoss Technologies Inc (NASD: SNCR) stock, but tentative about paying the going market price of $27.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $22.50 strike, which has a bid at the time of this writing of $1.05. Collecting that bid as the premium represents a 4.7% return against the $22.50 commitment, or a 13.1% annualized...
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